Tyler Shultz | Whistleblower Who EXPOSED Elizabeth Holmes In 'The Dropout' | Where Are They Now? — Transcript

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1. 0:00probably the biggest thing is trust the
2. 0:01people you hire so that's one thing i
3. 0:03thought thanos did really well was
4. 0:04hiring but it seemed like
5. 0:07they didn't the management didn't listen
6. 0:08to the brilliant scientists that they
7. 0:10actually hired the television series the
8. 0:12dropout has chronicled the fascinating
9. 0:14and wild story of elizabeth holmes and
10. 0:16her defunct company theranos
11. 0:19i feel like if you're watching this
12. 0:20video you've definitely seen the others
13. 0:22that we've done on it so i'll definitely
14. 0:24just be kind of skimming the fraud thing
15. 0:26and speaking more about tyler schultz
16. 0:28the whistleblower who started the
17. 0:30takedown of the entire company he's the
18. 0:32man who went to the wall street journal
19. 0:34with the whole story and the person who
20. 0:36provided enough evidence to possibly
21. 0:38land both elizabeth holmes and sonny
22. 0:40balwani in prison for fraud
23. 0:43now the owner and operator of a
24. 0:44biomedical science company himself we
25. 0:47catch up and see just what tyler schultz
26. 0:49is thinking as the theranos trials take
27. 0:51place
28. 0:52today we're covering tyler schultz
29. 0:54tomorrow though you decide let us know
30. 0:56in the comments down below who you think
31. 0:57we should cover on the next episode of
32. 0:59where are they now while you're there
33. 1:01we'd really appreciate it if you could
34. 1:02like this video so we can keep making
35. 1:04more just like it let's get into it not
36. 1:06much is known about tyler's early life
37. 1:08and honestly who really cares what we
38. 1:10care more about is his ascent into the
39. 1:12theranos company and how he obtained the
40. 1:14information that would take the company
41. 1:16down a little briefing on what theranos
42. 1:18actually is
43. 1:20it was a private company that touted
44. 1:22itself as a marvel that breakthroughs
45. 1:24health technology the company claimed to
46. 1:27have tech that could administer blood
47. 1:28tests using just a few drops of blood
48. 1:30rather than a standard full vial
49. 1:33these claims were unfounded and they
50. 1:35conned a bunch of investors into
51. 1:36donating millions of dollars for a
52. 1:38company that had a product that was
53. 1:40extremely faulty with unreliable results
54. 1:43in fact theranos would lie about the
55. 1:45tests being done on their machine and
56. 1:47sometimes they used commercial machines
57. 1:49to administer blood tests after the news
58. 1:52broke and the company faced a string of
59. 1:54legal and financial issues it was
60. 1:56estimated that elizabeth holmes net
61. 1:58worth dropped from 4.5 billion dollars
62. 2:00to virtually nothing tyler schultz is
63. 2:03the grandson of george schultz a
64. 2:05theranos board member and the former
65. 2:07secretary of state for president ronald
66. 2:09reagan
67. 2:10tyler himself worked for the company and
68. 2:12was extremely close with his grandfather
69. 2:15but while in the labs tyler noticed that
70. 2:17the theranos equipment dubbed edison
71. 2:19machines frequently failed quality
72. 2:21control checks and produce widely
73. 2:23varying results
74. 2:24this was extremely dangerous for medical
75. 2:26patients who relied on accurate
76. 2:28information for test results from cancer
77. 2:31diagnosis to whether or not to require
78. 2:33surgery
79. 2:34he had originally met elizabeth holmes
80. 2:36in 2011 while he was visiting his
81. 2:38grandfather tyler describes that he
82. 2:40quote fell in love with her vision of
83. 2:42instant and painless blood tests
84. 2:44after he got his degree in chemical
85. 2:46engineering tyler interned at the
86. 2:48company then was hired on full time
87. 2:50tyler specifically was hired on to be
88. 2:52quality assurance for test results and
89. 2:54so would run blood samples a few times
90. 2:56to make sure that the results were
91. 2:57accurate
92. 2:58one such result tipped him off when it
93. 3:00was claimed that an std was able to be
94. 3:02detected with 95 accuracy
95. 3:05when tyler ran the blood through again
96. 3:07he found that accuracy was much closer
97. 3:09to 65
98. 3:11that meant that if 100 people infected
99. 3:13with the disease were tested only with
100. 3:15the edison machine as many as 35 of them
101. 3:18would likely incorrectly conclude that
102. 3:19they were disease free he also noticed
103. 3:22that the edison machines were
104. 3:23continually flunking quality control
105. 3:25standards he also said that the
106. 3:27notoriously rough-handed sunny balwani
107. 3:30had pressured the lab employees to
108. 3:32ignore the failures and run blood tests
109. 3:34on the machine anyways contrary to
110. 3:36accepted lab practices so he sent a
111. 3:39concerned email directly to elizabeth
112. 3:41holmes who did not respond
113. 3:44instead sonny replied quote we saw your
114. 3:46email to elizabeth before i get into
115. 3:49specifics let me share with you that had
116. 3:51this email come from anyone else in the
117. 3:53company i would have already held them
118. 3:54accountable for the arrogant and
119. 3:56patronizing tone and reckless comments
120. 3:58tyler also stated that he would have
121. 4:00been fired had it not been for his
122. 4:02grandfather so he quit
123. 4:05as he was leaving the office he got a
124. 4:07concerned call from his mother who told
125. 4:09him to stop whatever he was about to do
126. 4:12because sonny had called and threatened
127. 4:14her stating that whatever tyler did
128. 4:16would be met with the harshest extent of
129. 4:18the law tyler then went directly to his
130. 4:20grandfather who effectively brushed him
131. 4:23off the theranos board member and
132. 4:25tyler's own grandfather said that the
133. 4:27blood testing machines worked so well
134. 4:29they were being used in military
135. 4:31hospitals
136. 4:32tyler knew that that was a lie
137. 4:34his grandfather then attempted to
138. 4:36pressure him into signing a
139. 4:37confidentiality agreement after they
140. 4:39found out that tyler had spoken to a
141. 4:41reporter
142. 4:42he continually was pressured to sign
143. 4:44non-disclosure agreements which would
144. 4:46effectively silence him forever
145. 4:48he kept refusing and learned that he was
146. 4:50being followed by private investigators
147. 4:53his parents pleaded with him to sign the
148. 4:55form or they would have to sell the
149. 4:56house to cover legal fees
150. 4:59that being said they later stated tyler
151. 5:01had acted exactly like the man we raised
152. 5:03him to be we are extraordinarily proud
153. 5:05of him then in 2015 the article was
154. 5:08published and all contact with ndas had
155. 5:11ceased now though as the trials occur
156. 5:13and elizabeth holmes and sonny belwani
157. 5:15are facing the fullest extent of the law
158. 5:17for their actions tyler opened up once
159. 5:20more about how things have been since
160. 5:21the television series the dropout aired
161. 5:24tyler now works for a biotechnology
162. 5:26company and is collaborating with a team
163. 5:28of researchers to try and build a
164. 5:30portable device that would be capable of
165. 5:32diagnosing a dozen diseases from a
166. 5:34person's blood saliva and vital signs he
167. 5:37also recalls meeting with his
168. 5:38grandfather before the trials began
169. 5:40they hadn't spoken in seven months
170. 5:43he said he told his grandfather how he
171. 5:45was so disappointed in the lack of
172. 5:46support from him throughout the entire
173. 5:48ordeal
174. 5:49when describing his emotions during the
175. 5:51elizabeth holmes trial quote i decided
176. 5:53to deal with it by playing my guitar
177. 5:55super loud i probably disturbed my
178. 5:57neighbors i had a lot of nervous energy
179. 6:00and i can totally understand why he blew
180. 6:03the whistle on the company when he was
181. 6:05only 22 years old
182. 6:07and now being 31 this has been building
183. 6:10for quite some time
184. 6:12although he was at work during the last
185. 6:14trial he recalls his phone buzzing with
186. 6:16a message from his wife quote it was a
187. 6:19text in all caps guilty
188. 6:21all of a sudden it was just a wait was
189. 6:24lifted it's over i can't believe it's
190. 6:26over
191. 6:27after that he and his family decided it
192. 6:29was worth a toast so they popped some
193. 6:31champagne together to celebrate although
194. 6:34tyler wasn't the only whistleblower he
195. 6:36was the first to report to others about
196. 6:37the irregular findings to regulators
197. 6:40when speaking to his grandfather before
198. 6:41elizabeth's trial went down tyler
199. 6:43recalls stating quote i am pleading with
200. 6:45you as your grandson please do the right
201. 6:48thing
202. 6:48he begged his grandfather to distance
203. 6:50himself from theranos publicly
204. 6:53although george isn't on the board of
205. 6:54directors anymore after the company
206. 6:56ceased production he is on the board of
207. 6:58counselors
208. 6:59in response to tyler's pleas he was
209. 7:02non-committal he remained on the board
210. 7:04of counselors and the two hadn't seen or
211. 7:06spoken to each other since that meeting
212. 7:09so far during the trials tyler has not
213. 7:11yet been asked to testify against
214. 7:12elizabeth holmes although now that
215. 7:15sonny's trial is underway i feel like
216. 7:17they may very well ask him to testify
217. 7:19there given the emails coming directly
218. 7:21from him
219. 7:22he and his parents obviously not
220. 7:23including his grandfather celebrated
221. 7:25when elizabeth went down for her crimes
222. 7:27and was convicted of fraud she is
223. 7:29currently awaiting a sentence for a
224. 7:30guilty verdict and could face up to 20
225. 7:33years in prison
226. 7:34similarly sonny is currently awaiting
227. 7:36his verdict and sentencing if found
228. 7:38guilty which let's be honest he will be
229. 7:41it's been really great to see that
230. 7:42tyler's parents haven't abandoned him
231. 7:44like his grandfather did although i
232. 7:46totally understand their fear towards
233. 7:48standing up to what once was a
234. 7:49multi-billion dollar company tyler did
235. 7:51the right thing
236. 7:53currently he is the ceo of his own
237. 7:55biomedical science company that focuses
238. 7:57on women's fertility issues while he
239. 7:59says he would never become another
240. 8:00elizabeth holmes he does concede that he
241. 8:02is another startup founder who now
242. 8:04better understands the high pressure
243. 8:06context that might create someone like
244. 8:08holmes in a very recent economic times
245. 8:11article like a couple days ago recent
246. 8:13tyler also stated that although his
247. 8:15grandfather never apologized to him he
248. 8:17did tell tyler that he was right about
249. 8:19theranose all along the two reconciled
250. 8:22very briefly before george salt passed
251. 8:24away in 2021
252. 8:26i guess in a way that can be closure
253. 8:28enough for the family rift caused by the
254. 8:30dubious ethics of theranos well guys i
255. 8:32know we've done like a million dropout
256. 8:34videos but this one was genuinely
257. 8:36exciting to make tyler is a modern day
258. 8:38hero in my eyes please don't forget to
259. 8:40subscribe to this channel so you can
260. 8:42stay updated on when we post next thank
261. 8:44you for watching this episode of where
262. 8:45are they now i've been your host sierra
263. 8:47see you guys next time
264. 8:49[Music]
265. 9:00[Music]
266. 9:08you